Miranda Signs Letter of Intent With CMQ Resources on Red Canyon Project

VANCOUVER, BRITISH COLUMBIA, Jun 19 (MARKET WIRE) --
Miranda Gold Corp. ("Miranda") (TSX VENTURE: MAD)(OTCBB: MRDDF)(BERLIN:
MRG)(FRANKFURT: MRG) is pleased to announce that it has signed a Letter
of Intent with CMQ Resources Inc. ("CMQ") (TSX VENTURE: CMQ) whereby CMQ
may earn a joint venture interest in the Red Canyon property, located
along the Battle Mountain-Eureka Trend of Nevada.

Subject to CMQ receiving shareholder approval within the next 60 days,
CMQ may earn a 60% interest by funding US$4,000,000 in qualified
expenditures over a five year period. CMQ may then elect to earn an
additional 10% interest by completing a bankable feasibility study or
funding US$10,000,000 in additional exploration. The first year work
commitment of US$500,000 is an obligation. The two parties anticipate
signing an exploration agreement with option to form joint venture (the
"Agreement") based on these terms within the next month. CMQ is in the
process of formulating the 2008 exploration program and budget.

Red Canyon is a sediment-hosted gold project located 12 miles (19 km)
southeast of the 8.5 million ounce Cortez Hills gold discovery. The 7.7
sq. mi. (20 sq. Km.) property consists of 237 unpatented lode mining
claims that cover a two square mile (5.2 sq. km.) alteration cell
developed in carbonate rocks that are age-equivalent to host rocks at the
Cortez Hills and Gold Bar deposits. Previous drilling at the Ice prospect
identified a near-surface zone of oxidized gold mineralization hosted in
the McColley Canyon Formation, immediately above the Lone Mountain
dolomite. Exploration potential remains open along strike to the
northeast and south in areas covered by post mineral volcanic rocks and
alluvium. The exploration potential to the northeast is defined by a)
five drill holes that intersected gold mineralization, b) structural
contouring, c) a 3D geochemical evaluation, and d) gravity data. Select
drill hole intercepts include:

- 95 ft of 0.117 oz Au/t from 20 to 115 ft (29.0m of 4.007 g Au/t from
6.1 to 35.1m) in KR-001;

- 60 ft of 0.033 oz Au/t from 200 to 260 ft (18.3m of1.132 g Au/t from
61-79.3m) in M-9; and

- 85 ft of 0.046 oz Au/t from 15 to 100 ft (25.9m of 1.568 g Au/t from
4.5 to 30.5m) in ROM07-01.

Previous deep drilling also identified a 3,500 ft by 4,600 ft (1.1 by 1.4
km) hydrothermal cell at the Gexa prospect, immediately south of the Ice
prospect. Two holes encountered deep oxidation, moderate to strong
silicification, select intervals of fluidized breccias and elevated
pathfinder elements. Both holes ended prematurely prior to testing their
intended targets in favorable limestone of the Denay and McColley Canyon
Formations. These alteration features combined with elevated gold confirm
the presence of a deeper, previously unrecognized Carlin-style gold
system.

Miranda's President and CEO, Ken Cunningham is pleased with the CMQ
partnership and feels both companies will benefit from the aggressive
approach to exploration outlined in the agreement. CMQ's Vice President
of Exploration, John Hogg, and Miranda's Senior Geologist, Steven
Koehler, participated in the gold discoveries at West Leeville, Hardie
Footwall Extension and Four Corners on the Carlin Trend. As such, Mr.
Hogg and Mr. Koehler bring considerable knowledge and expertise regarding
Carlin-type gold deposits to the Red Canyon project.

The data disclosed in this press release have been reviewed and verified
by Company Senior Geologist Steven Koehler, P. Geo., BSc. Geology and
Qualified Person as defined by National Instrument 43-101.

Corporate Profile

Miranda Gold Corp. is a gold exploration company active in Nevada and
whose emphasis is on generating gold exploration projects within the
Battle Mountain-Eureka and Cortez Trends. Miranda performs its own grass
roots exploration and then employs a joint venture business model on its
projects in order to maximize exposure to discovery while minimizing
exploration risk. Miranda has ongoing partnerships with Barrick Gold
Exploration Inc., Newcrest Resources Inc., the Cortez Joint Venture, the
Buckhorn Joint Venture, Piedmont Mining Company Inc., White Bear
Resources Inc., Queensgate Resources Corporation, and CMQ Resources Inc.

ON BEHALF OF THE BOARD

Kenneth Cunningham, President and CEO

This news release may contain information about adjacent properties on
which we have no right to explore or mine. We advise U.S. investors that
the SEC's mining guidelines strictly prohibit information of this type in
documents filed with the SEC. U.S. investors are cautioned that mineral
deposits on adjacent properties are not indicative of mineral deposits on
our properties. This news release may contain forward-looking statements
including but not limited to comments regarding the timing and content of
upcoming work programs, geological interpretations, receipt of property
titles, potential mineral recovery processes, etc. Forward-looking
statements address future events and conditions and therefore involve
inherent risks and uncertainties. Actual results may differ materially
from those currently anticipated in such statements.

The TSX Venture
Exchange does not accept responsibility for the adequacy or accuracy of
this release.

Contacts:
Miranda Gold Corp.
Fiona Grant
Manager, Investor Relations
(604) 689-4580 or Toll Free: 1-877-689-4580
Website: www.mirandagold.com

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